Orion Engineered Carbons S.A (NYSE:OEC) – Investment analysts at KeyCorp boosted their Q3 2017 EPS estimates for shares of Orion Engineered Carbons S.A in a research note issued on Sunday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will earn $0.42 per share for the quarter, up from their previous forecast of $0.40. KeyCorp also issued estimates for Orion Engineered Carbons S.A’s FY2017 earnings at $1.71 EPS and FY2018 earnings at $1.94 EPS.

A number of other equities analysts have also recently weighed in on OEC. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. UBS AG reaffirmed a “neutral” rating and set a $20.00 price objective (down previously from $21.00) on shares of Orion Engineered Carbons S.A in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) started coverage on shares of Orion Engineered Carbons S.A in a research report on Thursday, May 11th. They set a “neutral” rating and a $21.00 price objective for the company. Berenberg Bank started coverage on shares of Orion Engineered Carbons S.A in a research report on Tuesday, May 16th. They set a “buy” rating and a $26.00 price objective for the company. Finally, ValuEngine cut shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Orion Engineered Carbons S.A currently has a consensus rating of “Buy” and a consensus target price of $22.60.

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Orion Engineered Carbons S.A (NYSE:OEC) opened at 20.00 on Wednesday. The company has a 50-day moving average price of $20.87 and a 200 day moving average price of $20.09. Orion Engineered Carbons S.A has a 52-week low of $16.95 and a 52-week high of $24.55. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 21.69 and a beta of 0.51.

Large investors have recently added to or reduced their stakes in the company. Rovida Advisors Inc. raised its stake in Orion Engineered Carbons S.A by 4.1% in the second quarter. Rovida Advisors Inc. now owns 2,810,000 shares of the specialty chemicals company’s stock worth $55,919,000 after buying an additional 110,000 shares during the period. Victory Capital Management Inc. raised its stake in Orion Engineered Carbons S.A by 12.1% in the second quarter. Victory Capital Management Inc. now owns 2,450,947 shares of the specialty chemicals company’s stock worth $48,896,000 after buying an additional 264,930 shares during the period. Ameriprise Financial Inc. raised its stake in Orion Engineered Carbons S.A by 13.3% in the first quarter. Ameriprise Financial Inc. now owns 1,322,237 shares of the specialty chemicals company’s stock worth $27,105,000 after buying an additional 155,472 shares during the period. Renaissance Technologies LLC raised its stake in Orion Engineered Carbons S.A by 19.0% in the first quarter. Renaissance Technologies LLC now owns 1,243,900 shares of the specialty chemicals company’s stock worth $25,500,000 after buying an additional 198,400 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. raised its stake in Orion Engineered Carbons S.A by 10.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 899,074 shares of the specialty chemicals company’s stock worth $17,937,000 after buying an additional 87,728 shares during the period. Institutional investors own 39.11% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.169 per share. The ex-dividend date is Tuesday, September 19th. This represents a $0.68 dividend on an annualized basis and a yield of 3.38%. Orion Engineered Carbons S.A’s dividend payout ratio (DPR) is presently 88.24%.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

Earnings History and Estimates for Orion Engineered Carbons S.A (NYSE:OEC)

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